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history and all elected to a second term. but it couldn't save them from the dreaded second term curse. it dated back to 1936 when president roosevelt won 46 out of 48 states. he used those results in an attempt to shake up the supreme court and that tarnished his reputation. fast forward to 1984. president reagan's economic recovery turned 49 of the 50 states red. the inran contraservice surface americans didn't like being kept in the dark . then the scandal impossible to forget. >> i want you to listen to me. i will say it again. i did not have sexual relations with that woman: >> gretchen: nick is a presidential historian and author of the book presidential leadership. decisions that changed the nation and he's my guest this morning. >> morning, gretchen. >> gretchen: looking back in history president obama is now reelected to the second term. what do we suspect about the curse. >> it is an interesting topic it is difficult . going all the way back to wilson and league of nation . fdr and truman got run out of office . the
history and all elected to a second term. but it couldn't save them from the dreaded second term curse. it dated back to 1936 when president roosevelt won 46 out of 48 states. he used those results in an attempt to shake up the supreme court and that tarnished his reputation. fast forward to 1984. president reagan's economic recovery turned 49 of the 50 states red. the inran contraservice surface americans didn't like being kept in the dark . then the scandal impossible to forget. >> i...
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they think they stole the 2012 election. >> joe? >> let's look at the front page of the "washington post." it talks about how turkey is going to get nato missiles. i remember when your book came out last year and we did some events with you, you kept talking about the key position, it turkey would play in the world. we're seeing it now especially in syria. but now becoming more powerful force than nato. this is happening. you foresaw it. why is it happening? >> it's happening because the situation is such that we realize we need turkey and it is the point of departure for any effective, constructive or destructive solution. it's as basic as that. but we have to be aware of the fact we can't let turkey out on a limb by itself. extremely successful but vulnerable from the inside. and i can see enemies of turkey ganging up on turkey, stimulating the kurd ishii you, for example, which could be explosive and damaging to turkey's long-range future. >> and you also have a much more complicated relationship between turkey and israel now. >>
they think they stole the 2012 election. >> joe? >> let's look at the front page of the "washington post." it talks about how turkey is going to get nato missiles. i remember when your book came out last year and we did some events with you, you kept talking about the key position, it turkey would play in the world. we're seeing it now especially in syria. but now becoming more powerful force than nato. this is happening. you foresaw it. why is it happening? >> it's...
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>> it was an election and it was a very close election. if you look at the nims and the differences between the two. i think the republican party can do a better job of limited government and freep enterprise movement and connect those policies. >> why has there been a failure to connect? >> i'm not sure there is one reason for it and i haven't had time to think about it why it has happened but it needs to happen. the principles we stand for, free enterprise and limited government is the only way to stabilize and grow our middle class which i hope every american can attain. >> how worried are you about the republican chances -- >> you mean from the voters' perspective. the demographic changes? i don't think any voter in america -- there are voters that are locked into one party or the other but the fastest growing group is people who vote for candidates and not parties and people understand the issues and hopes that they have and offer real and concrete policy situations and real role for government to play in addressing those angst yits t
>> it was an election and it was a very close election. if you look at the nims and the differences between the two. i think the republican party can do a better job of limited government and freep enterprise movement and connect those policies. >> why has there been a failure to connect? >> i'm not sure there is one reason for it and i haven't had time to think about it why it has happened but it needs to happen. the principles we stand for, free enterprise and limited...
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isn't that what we elected you to do? >> is this not a bailout mentality, which we have in america today? after all, we always go back to the wall street bailout. bailing out the rich guys, why can't you bail us out now? we are in dire straits. megyn: that is a compelling argument. but the wall street fat cats that took huge risks that they knew they couldn't sustain -- they got the bailout. >> that bailout was paid back with the proper to the central government. megyn: maybe detroit says they will pay it back. but this is part of the moral hazard. the hazard of the bank bailout. it was not just that rewarded with a risky behavior. but they would take it again. but it sends a message across the board, which is the feds ought to be there to support you if things go wrong. i don't know detroit, whether it is due to bad decision-making. maybe it is just that people move and migrate and so on. is it someone else's responsibility or the responsibility of folks are their? >> the responsibility of folks out of there. this is a b
isn't that what we elected you to do? >> is this not a bailout mentality, which we have in america today? after all, we always go back to the wall street bailout. bailing out the rich guys, why can't you bail us out now? we are in dire straits. megyn: that is a compelling argument. but the wall street fat cats that took huge risks that they knew they couldn't sustain -- they got the bailout. >> that bailout was paid back with the proper to the central government. megyn: maybe...
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i think businesses are holding back partly because of the election, which is now passed obviously. and the fiscal cliff. i still believe that we're going to end up kicking the can down the road. i think there's lots of pent-up demand in the economy so we're not going to go into a recession. in fact, i think next year we could see some acceleration. one of the key ways to see this is just to look at auto sales for november. they surged to 15.5 million. every time we have a dip in demand because of sandy or something else, we come back. this economy is super resilient and i think we'll be able to go over the cliff or go through the cliff without having a recession. >> i hope you're right. my concern is that you are absolutely wrong. actually the economy is slowing to stall speed and markets could correct badly on the news moving forward. we learned this week that manufacturing contracted in november for the first time in three months. we had analysts on the program talking about the channel checks indicating softness for a second month and today goldman has downgraded growth in the f
i think businesses are holding back partly because of the election, which is now passed obviously. and the fiscal cliff. i still believe that we're going to end up kicking the can down the road. i think there's lots of pent-up demand in the economy so we're not going to go into a recession. in fact, i think next year we could see some acceleration. one of the key ways to see this is just to look at auto sales for november. they surged to 15.5 million. every time we have a dip in demand because...
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starting to realize just how important the hispanic vote is in the wake of this last general election because according to the pew hispanic center a whopping 67% of latino voters are democrat. >> so when it comes to issues like the economy or immigration, we see hispanics seeing the democratic party as the party that is more in line with their views. >> and that is the main reason, that is the main reason why g.o.p. leaders are saying something has got to change. they have got to change their strategy, shep. >> shepard: casey stegall in dallas tonight. the first president bush is doing better but is he still in the hospital tonight. that's a word from doctors in houston. they say george h.w. bush, bush 41 has been fighting a cough caused by bronchitis and they don't want to send him home too soon. the former president is 88 years old. he has been in the hospital since the day after thanksgiving. former senator bob dole made a rare visit to capitol hill today. appearing frail to observers after recent hospital stay. he is 89 now. he was in d.c. to rally treaty for disability rights. hi
starting to realize just how important the hispanic vote is in the wake of this last general election because according to the pew hispanic center a whopping 67% of latino voters are democrat. >> so when it comes to issues like the economy or immigration, we see hispanics seeing the democratic party as the party that is more in line with their views. >> and that is the main reason, that is the main reason why g.o.p. leaders are saying something has got to change. they have got to...
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greg: after the election, people get what they deserve? >> i hate to admit that, but i think you are right. a lot of this is just messaging. i think that president obama president obama did a much better job making the election about dancing horses and contraception and gay marriage. but it's not about that. we are going down the tubes and we have this massive onslaught of taxes coming on in the midst of a terrible economy. greg: i asked this of mary katharine ham. a republicans making a big mistake by being painted into a corner as defending the rich? >> i think that if it gets portrayed like that -- republicans are terrible and they need to learn how to talk about fiscal responsibility in a bright and positive way. they have not been very good at that. mitt romney, though i thought he turned out to be a strong candidate, he always we failed to tell the story of low taxes and limited government and freedom. so republicans need to learn how to do this much better. greg: charlie, thank you so much. it's good to see you. jenna: turning next
greg: after the election, people get what they deserve? >> i hate to admit that, but i think you are right. a lot of this is just messaging. i think that president obama president obama did a much better job making the election about dancing horses and contraception and gay marriage. but it's not about that. we are going down the tubes and we have this massive onslaught of taxes coming on in the midst of a terrible economy. greg: i asked this of mary katharine ham. a republicans making a...
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so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morning? >> reporter: possibly, carol. one thing that has been interesting with regard to john boehner's leadership of the republican conference, which certainly is very conservative and he has had to balance that with negotiations with the white house on a number of occasions, one thing that's interesting is that until now he really has been able to maintain their loyalty. and their confidence that whatever he does, he he's doing for a reason because the alternative would be worse. and one thing that he did in a very deliberate way on this particular counter offer, which they sent to the white house earlier this week, was it wasn't just a letter from boehner to the president. it was a letter from the entire republican leadership, including p
so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morning? >> reporter: possibly, carol. one thing that has been interesting with regard to john boehner's leadership of the republican conference, which certainly is very...
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i hope you know the 2012 election was in large part a fight over demographics. the republicans taking pains even if at their convention to highlight the gender and ethnic diversity their party has traditionally done so well disguising. (laughter) and yet they lost. for some reason-- self-deportation-- president obama won a clear majority. -- the country half moochers-- (laughter) of over non-white group. even amongst women. vaginas repel rape sperm. (laughter) romney somehow lost by 11 points. it's a fact republicans can't ignore if they want to win back the white house in two thousand and ever. (laughter) no band-aid solutions. g.o.p. can't just throw in a free pedicure every mandatory ultrasound and call it a day. we're talking about making a real place for minorities and women in a modern republican party and i think the republican party gets that. i assume. >> in washington tonight, the g.o.p. is dealing with the issue of optics and diversity in politics, getting a lot of coverage of the congressional committee chairs selected thus far for the next congress.
i hope you know the 2012 election was in large part a fight over demographics. the republicans taking pains even if at their convention to highlight the gender and ethnic diversity their party has traditionally done so well disguising. (laughter) and yet they lost. for some reason-- self-deportation-- president obama won a clear majority. -- the country half moochers-- (laughter) of over non-white group. even amongst women. vaginas repel rape sperm. (laughter) romney somehow lost by 11 points....
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to divide after being conquered it's been just a week since president obama won the election and already several states are speaking up to set secession ahead we'll tell you about a movement that's trying to rip the stars right off of the american flag. it's tuesday december fourth eight pm here in washington d.c. i'm liz wall and you're watching our t.v. well in case you've been living under a rock there is some news coming out of the u.k. prince william and kate are expecting their first child this has set off a media spectacle this is a huge story in europe but here in the u.s. the mainstream media has a ramp up its coverage take a look. ever since the royal couple got married britain has been waiting for its royal baby now that baby is on the way the media would be waiting for this story with bated breath its acute morning sickness treated with every hydration that cheesy with. supplements and try to get it back on track they were planning to announce this at this point but she has not yet twelve weeks pregnant they haven't even told prince charles or the queen about this until today
to divide after being conquered it's been just a week since president obama won the election and already several states are speaking up to set secession ahead we'll tell you about a movement that's trying to rip the stars right off of the american flag. it's tuesday december fourth eight pm here in washington d.c. i'm liz wall and you're watching our t.v. well in case you've been living under a rock there is some news coming out of the u.k. prince william and kate are expecting their first...
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is the consequence of election for a president who campaigned hiking on the back of the rich, i don't like it but, to fold. >> this is a hypocrisy level, thee say this is the right thing to do, but who gets crushed on the higher taxes? small businesses. i don't care what anyone said, president said that 97% of small businesses do not get hit by this, that is if you count the guy into mows your lawn all by himself, and consultants, but those who are hiring -- >> i don't blame the president at all, to ram it down the people's throat. >> we need though -- -- >> my fear is that wall street, acquiesce it knows we'll have far reaching problem. >> of course, like money managers all of a sudden, they are the king, they are self preservation is sad. neil: what are they afraid of? >> they want to keep their money, they want to be the mack daddy. we need the cut and flash s.w.a.t. team,,cutting across the board. >> that is an interesting question, what are they afraid of. the president has a good hand they do not believe -- >> a good hand not a really good hand. >> i tell you what they think, th
is the consequence of election for a president who campaigned hiking on the back of the rich, i don't like it but, to fold. >> this is a hypocrisy level, thee say this is the right thing to do, but who gets crushed on the higher taxes? small businesses. i don't care what anyone said, president said that 97% of small businesses do not get hit by this, that is if you count the guy into mows your lawn all by himself, and consultants, but those who are hiring -- >> i don't blame the...
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in safe seats so the crucial election is not the general election, it's the primary election, and as we know in primaries, there's low participation which gives a hugely disproportionate power to the rigid ideologues, the extremes on both sides. that makes it very difficult. second is the overwhelming amount of money, of all of the judicial mistakes that have been made in history by supreme courts, few in my judgment will history record as being more unwise and wrong than the supreme court decision in the citizens united case, which took a situation already reeking with too much money and just poured tons of it, more into it. so for members now, it's just a mad money chase all the time, which i think is demeaning to everybody and very, very unfortunate. so it's a combination of factors. many others, but those are some of them. >> so look, you've helped negotiate peace in northern ireland. you worked on peace in the middle east. how does the problem here get fixed? >> well, i think in the end, in democracies it's fixed only by the people. the word democracy is a combination of two gre
in safe seats so the crucial election is not the general election, it's the primary election, and as we know in primaries, there's low participation which gives a hugely disproportionate power to the rigid ideologues, the extremes on both sides. that makes it very difficult. second is the overwhelming amount of money, of all of the judicial mistakes that have been made in history by supreme courts, few in my judgment will history record as being more unwise and wrong than the supreme court...
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or during the election? >> no, it is still in a class warfare mode on both sides. bringing it home, thinking about what you are going to tell that person wherever you see them about this -- you can take the sting out of this thing by -- there are other people here who have political things that may have raised or not have raised taxes, but to me the secret was always give them something for what it is you are asking for and make any specific transaction, not just a monster in washington that wants some more of your money. >> one area that should work, and i agree, governor, that makes great sense, and one area which should work is in road improvements and highway improvements. simpson-bowles just said raising the tax gasoline 13%. you have universal opposition to raising the gas tax, which makes no sense because most people should want to have the gas tax increase if they know it goes to create a better road. if they understood that the highway fund is running a deficit, and having to borrow from china to fi
or during the election? >> no, it is still in a class warfare mode on both sides. bringing it home, thinking about what you are going to tell that person wherever you see them about this -- you can take the sting out of this thing by -- there are other people here who have political things that may have raised or not have raised taxes, but to me the secret was always give them something for what it is you are asking for and make any specific transaction, not just a monster in washington...
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at least two additional fire stations could be closed in the next two years joomple election workers began tedious recount of ballots today in alameda county of of narrowly defeated transit tax. measure b1 would have increased the county transportation sales tax from a half cent to a full cent to pay for trance ate road improvement. if failed by a fraction of a percent or fewer than 800 of the half a million votes cast. sporers are footing the bill to have all of the ballot rest counted. >> with a recount, any voter in the count county can request a recount. they have to pay for it. in this case the proponents are paying somewhere around $7500 per day to do the recount. >> both sides are monitoring the recount and can challenge decisions on individual ballots. election officials say the recount could take weeks. >>> new, the housing market is heating unacross the bay area. now realtors are looking for ways to take advantage of that. we're in walnut creek where agents are getting creative in finding new ways to sell. >> reporter: this is one of very knew homes for sale in walnut creek
at least two additional fire stations could be closed in the next two years joomple election workers began tedious recount of ballots today in alameda county of of narrowly defeated transit tax. measure b1 would have increased the county transportation sales tax from a half cent to a full cent to pay for trance ate road improvement. if failed by a fraction of a percent or fewer than 800 of the half a million votes cast. sporers are footing the bill to have all of the ballot rest counted....
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we need our leaders, and the president was elected by the people. he needs to sit down now and the leader along with ourleaer, the speaker, and talk seriously about these plans. gerri: small busess, big business. the governor. who is lef for t predent to talk to? >> well, we also founthat the president was out at various bunesses encouraging the electric ted send it to it's about what he wants. and that is not the way that you get a negotiation going, byy talking about this andthe public as he has. he needs to sit down with the leaderof the house and the senate and he needs o be the leader on this. we are not seeing it here, and it's very, very discouraging. gerri: o what you torespondto what nancy pelosi had tosay about hostage-ting today. pretty dramatic comments. th is nncy pelosi. >> the republicans are sayg that rather than pasing that they want to hold it hostage, giving an additional ax cut to people maing oer $250,000 a year. that i not negotiating. that is hostage-taking. gerri: how would you repondo that? >> wel i would respond by saying t
we need our leaders, and the president was elected by the people. he needs to sit down now and the leader along with ourleaer, the speaker, and talk seriously about these plans. gerri: small busess, big business. the governor. who is lef for t predent to talk to? >> well, we also founthat the president was out at various bunesses encouraging the electric ted send it to it's about what he wants. and that is not the way that you get a negotiation going, byy talking about this andthe public...
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implode since the election. we've got great seats here in "the war room" where we're covering all of these political battles, but i'm starting to worry about really our republican friends the loss is driving them to crazy town, and they might never return. a new poll found that 49% of g.o.p. voters think that acorn stole the election for president obama--acorn. that seems like probably an improvement from the 52% who thought the same thing in 2008. until you remember that acorn no longer exists at all. some republicans have actually gone further off the deepened. rick santorum, for example still smarting from his own party loss and the shellacking from the party that he supports, he has greed to be columnist for "world net daily." you hopefully do not know this. this publishes rivetting stories like america on linen's path to war fair, or of course, you remember this one when animals are afraid they don't pray. well, i would pray if i was rick santorum's animal. maybe he just wants the comfort of being with othe
implode since the election. we've got great seats here in "the war room" where we're covering all of these political battles, but i'm starting to worry about really our republican friends the loss is driving them to crazy town, and they might never return. a new poll found that 49% of g.o.p. voters think that acorn stole the election for president obama--acorn. that seems like probably an improvement from the 52% who thought the same thing in 2008. until you remember that acorn no...
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s elected mailers councillors journalist and so on who are in prison who have not been well not been sentenced by the turkish courts yet only recently they were given the basic right to make a statement or a defense in their mother tongue so there's a lot of problems still existing in turkey and kurds are not only students of turkey but there are also millions of kurds who are students of iran who are students of iraq and who are students of syria so it's a very complex matter if turkey of the current government of turkey is keen to see it as good as question they need to start thinking regionally rather than only about kurds within turkey you know they always come up with do with the issue of p.k. k. being a fighting force in turkey in iraq or in come to the mountains between iraq and iran and then also the us use that as an excuse to continue in their mistreatment of kurdish political activists and so on and within turkish territory but that is a problem and he says brown prime minister erdogan has done a lot for kurds which is you know everyone agrees on that but prime minister er
s elected mailers councillors journalist and so on who are in prison who have not been well not been sentenced by the turkish courts yet only recently they were given the basic right to make a statement or a defense in their mother tongue so there's a lot of problems still existing in turkey and kurds are not only students of turkey but there are also millions of kurds who are students of iran who are students of iraq and who are students of syria so it's a very complex matter if turkey of the...
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despite losing the election. first of all, he says, their in-house production operation allowed them to churn out ads in record time. but minchillo also says if you make the chinese news agency angry, i figure you're doing something right. romney drew the wrath of china's news agency for promising to label them a currency manipulator. unfortunately for the mad men, it wasn't just the chinese who were paying attention. a general motors spokesman accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs over to china. >>> finally, a toddler takes in cnbc's fiscal cliff talk. >> i think companies might be okay with that -- [ laughing ] >> that's like young kids who say they like me saying "let's play hardball." anyway, that's going viral, obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people? half think aa.c.o.r.n., which no longer exists, stole the election. what is this fringe called?
despite losing the election. first of all, he says, their in-house production operation allowed them to churn out ads in record time. but minchillo also says if you make the chinese news agency angry, i figure you're doing something right. romney drew the wrath of china's news agency for promising to label them a currency manipulator. unfortunately for the mad men, it wasn't just the chinese who were paying attention. a general motors spokesman accused them of entering into a parallel universe...
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as a republican against president obama in this past election election. and it's all on tape. this is se lashs almost to the point. we're talking about general petraeus. long-time republican, possible contender, the man who just resigned from running the cia in a sex scandal we still don't understand. here he is on tape talking about how he will have the fox news chairman run his campaign and the owner of fox news will bankroll his campaign and he raises the issue of his wife. there's a certain level of interest in this new tape because of who is on it. beyond that, there's the media factor. here's the fox news channel trying to recruit a presidential candidate for the republican party. the fox news chairman telling bob woodward once he was reporting on this, "i thought the republican field in the primaries needed to be shaken up and petraeus might be a good candidate." he said that on the record. after being caught doing it on tape. which means the fox news channel seriously is not like anything news. they officially are just a media arm of the republican party. they are a po
as a republican against president obama in this past election election. and it's all on tape. this is se lashs almost to the point. we're talking about general petraeus. long-time republican, possible contender, the man who just resigned from running the cia in a sex scandal we still don't understand. here he is on tape talking about how he will have the fox news chairman run his campaign and the owner of fox news will bankroll his campaign and he raises the issue of his wife. there's a certain...
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after the election, which his party lost, he's now offering post-election this much new revenue. so his offer since losing the election got worse. that new offer came in a new outline of proposals that the republicans sent to the president in a letter yesterday. it's a plan that they describe in their letter as "a fair middle ground." here's what they consider a fair middle ground. we did this in chart form today. because it turns out it's really simple. and looking at it this way makes it simple. here's what they are offering. on the side of what the republicans get, the republicans get the tax rates they want, the medicare cuts they want, the trillion dollars in spending cuts president obama agreed to, hundreds of billions in additional cuts, ending the payroll tax break, ending jobless benefits and they get the opportunity to create a new debt ceiling crisis in a few months. that's on the republican side, what the republicans get in their proposal. what do the democrats get in their proposal? they get this. a promise to end undefined tax deductions and loopholes of some kind a
after the election, which his party lost, he's now offering post-election this much new revenue. so his offer since losing the election got worse. that new offer came in a new outline of proposals that the republicans sent to the president in a letter yesterday. it's a plan that they describe in their letter as "a fair middle ground." here's what they consider a fair middle ground. we did this in chart form today. because it turns out it's really simple. and looking at it this way...
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you know, before the election. you may recall hearing all the time, you know, mitt romney and the republicans going after obama for that $700 billion in medicare cuts. wellç you know why he was sayi that? because obama and the affordable care act cut medicare by $700 billion. they did it in a very careful way. they did it in a way to protect beneficiaries and responsible. they faced up. they said medicare does need to be trimmed. we need to do it in a smart way and did this. >> why is it off the table now? >> well, precisely because they did -- took that step. they took that very big step and now everyone -- now the idea's, all right, we took the found cut and starting the experiments now. let's see how they work. there's a very good chance, in fact, we are seeing signs that some of them are starting to save some money. we cut $700 billion. we have these pilot programs going forward. let's watch. we have taken enough out of medicare for now and see how the experiments go. if they work out and if a few of them wor
you know, before the election. you may recall hearing all the time, you know, mitt romney and the republicans going after obama for that $700 billion in medicare cuts. wellç you know why he was sayi that? because obama and the affordable care act cut medicare by $700 billion. they did it in a very careful way. they did it in a way to protect beneficiaries and responsible. they faced up. they said medicare does need to be trimmed. we need to do it in a smart way and did this. >> why is...
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is it the people who spoke in the election and voted for the president? this issue was foremost in the campaign. the people spoke. the republicans need to listen. >> jennifer: the people spoke! well said, congressman leen! -- levin. deal with it. so far, the republicans have not listened. some of them have even moved on to the next stage of grief which is anger. case in point, eric cantor. he threw a bit of a twitter tantrum today. he tweeted "the house will not adjourn the 112th congress until a credible solution to the fiscal cliff has been announced." the house will not adjourn. not! but don't worry, he will be on to the next stage soon enough. it is kind of ironic, since, of course they adjourned today until next week. this is a wednesday. but anyway, that's bargaining is the next stage. and of course bargaining means that you hope to be able to compromise. you hope to be able to avoid the inevitable. the poster boy for this one is oklahoma senator tom coburn who said today that he would rather see tax rates go up than close loopholes because then he
is it the people who spoke in the election and voted for the president? this issue was foremost in the campaign. the people spoke. the republicans need to listen. >> jennifer: the people spoke! well said, congressman leen! -- levin. deal with it. so far, the republicans have not listened. some of them have even moved on to the next stage of grief which is anger. case in point, eric cantor. he threw a bit of a twitter tantrum today. he tweeted "the house will not adjourn the 112th...
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newly-elected massachusettes senator elizabeth warren will reportedly take a seat on the senate banking committee. the huffington post reports warren has been selected to join the committee starting next year. warren, a major advocate of wall street regulation and cracking down on big banks, won the race for senator in massachusettes in the november election. she also helped launch the consumer financial protection bureau in 2010. two seats will be open on the banking committee after the year wraps up. 2012 is turning into a very profitable year for banks. the latest numbers show bank profits increased 9.4% in the 3rd quarter - the most in any quarter during the past 6 years. fdic reports the industry earned $37.6 billion, up 6.6% from last year. loan balances edged up .9% to $64 billion. the improving numbers are viewed as a sign banks are gaining strenghth and lending is showing signs of life. after the craziness of black friday, or more accurately what is becoming a "black weekend" of shopping following thanksgiving, retailers face a lull. trying to keep consumers coming through the
newly-elected massachusettes senator elizabeth warren will reportedly take a seat on the senate banking committee. the huffington post reports warren has been selected to join the committee starting next year. warren, a major advocate of wall street regulation and cracking down on big banks, won the race for senator in massachusettes in the november election. she also helped launch the consumer financial protection bureau in 2010. two seats will be open on the banking committee after the year...
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also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in unfunded highbilities those are promises that are made that we have to keep. >> guys, this is part of what is interesting about this conversation. when you hear the speaker talking about the loop holes that is the same rhetoric that we heard from mit romney. >> they are using the stuff that is done in the budget control last year. >> those are terrible talking points. >> let me say this point. >> hang on a second. i want to go to guy benson on another point. there is a lot of talk that the republicans might have a doom's day scenario. if there is a budget stalemate, then the republicans will allow a vot
also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in...
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some republicans looking to overhaul immigration after getting pummeled in the presidential election including a new gop superpack that hopes to give conservative donors a better return on their millions. joining me congressman luis gutierrez, democrat from illinois and member of the congressional hispanic caucus. always good to see you. >> thanks, chris, good morning. >> president obama won 71% of the latino vote we heard romney campaign manager saying he regretted running hard to the right in the primary. the opposing view is the gop's latino problem isn't based on immigration issues. there's a pew exit poll of hispanic voters taken in november found immigration isn't in the top four issues. is too much made a political issue how important it is to the political community? >> number one, if you ask latinos what is the most important thing, my job, the economy, educating my children, crime. before the latino audiences, political audiences will listen to you as a candidate. you first cannot be mean, nasty, spirited towards immigrants. if you are they simply shut you off. so i think t
some republicans looking to overhaul immigration after getting pummeled in the presidential election including a new gop superpack that hopes to give conservative donors a better return on their millions. joining me congressman luis gutierrez, democrat from illinois and member of the congressional hispanic caucus. always good to see you. >> thanks, chris, good morning. >> president obama won 71% of the latino vote we heard romney campaign manager saying he regretted running hard to...
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an elected government that is pursuing these policies but that's only. highlight the fact that here was a voluntary match it wasn't forced them up by the ear and that's about a tragedy that didn't have to we didn't have to follow that course we could have but you'd like the us for rights the much more about strategy george great to talk to you thanks so much for your perspective on this george editor of politics blog for britain's new statesman magazine joining me live in london much appreciate it. turkish troops and helicopters of pounded the kurdish area near the border with syria killing thirteen suspected militants the crisis in syria is being seen as a chance for kurdish aspirations for independence and statehood and whether the turks are actually shooting themselves in the foot by supporting the syrian uprising is the subject for debate in the latest cross talk and i'll be coming up in the next hour fee with to deliver and we've got more news for you here in r.t. that's after a short break stay with us. a forty nine year old southern california man
an elected government that is pursuing these policies but that's only. highlight the fact that here was a voluntary match it wasn't forced them up by the ear and that's about a tragedy that didn't have to we didn't have to follow that course we could have but you'd like the us for rights the much more about strategy george great to talk to you thanks so much for your perspective on this george editor of politics blog for britain's new statesman magazine joining me live in london much appreciate...
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i was re-elected. the american people understand that we have a serious fiscal challenge in our country. we want to meet obligations to the seniors. we have work to do. we have committed to spending cuts. we need the republicans to commit to some revenue while protecting and strengthening the middle class. protect the tax cuts of the middle class and expand opportunity for success in the country, that we really work toward economic growth the right way and a partner. it's got to be spending cuts and revenue. >> what do you feel about this proposal, if you will, that's been floated out by some to deal with the tax cuts now and deal with the other issues of medicare and i bring0u$ medicae because you have concerns about co-pay and other issues that could affect a number of people, not just in your state but of course we know throughout. >> there are a number of issues facing us. i think it's very important to extend the middle class tax cuts and it's great if it's true but we haven't heard speaker boehn
i was re-elected. the american people understand that we have a serious fiscal challenge in our country. we want to meet obligations to the seniors. we have work to do. we have committed to spending cuts. we need the republicans to commit to some revenue while protecting and strengthening the middle class. protect the tax cuts of the middle class and expand opportunity for success in the country, that we really work toward economic growth the right way and a partner. it's got to be spending...
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councilwoman joanne watson does not like that one bit. >> the election, calling out senator young. to washington, d. he came back home with some bacon. that is what you do. that's what you do. overwhelmingly supporting the re-election of this president and there ought to be quid pro quo and you ought to exercise leadership on that. of course not just that, but why not? >> bret: the detroit free press called this type of thinking, "city government remains stuck in an alternative universe -- alternate universe of denial and daydream." adding "it may be time to pray to a higher power for government sanity." president obama's uncle is getting a new deportation hearing. two decades after being ordered to leave the u.s. the half-brother of the president's late father is from kenya. the board of immigration appeals sent obama's case to the executive office for immigration review for another look. but will not say why. obama's attorney says the deportation was caused by a technical error. the immigration issues came up after he was arrested last year outside of boston and charged with drun
councilwoman joanne watson does not like that one bit. >> the election, calling out senator young. to washington, d. he came back home with some bacon. that is what you do. that's what you do. overwhelmingly supporting the re-election of this president and there ought to be quid pro quo and you ought to exercise leadership on that. of course not just that, but why not? >> bret: the detroit free press called this type of thinking, "city government remains stuck in an alternative...
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in his first interview since the election, president obama reiterated his demand that any deal must raise taxes on the highest earner. yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, we look at what loopholes and deductions both democrats and republicans are willing to close, and it's possible that we may be able to lower rates by broadening the base at
in his first interview since the election, president obama reiterated his demand that any deal must raise taxes on the highest earner. yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've...
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we had an election, thomas, where americans had a clear choice and they chose and we need to make sure that we think a balanced approach that is fair, that doesn't throw the middle class under the bus and that works mathematically. so far what we've seen from republicans in the house does not work in terms of reducing the deficit. >> congresswoman, we are watching the president on our screen at the business roundtable. there was an issue with the poll microphone for the president's address so they've handed him a different microphone, the leaders inside this room can hear exactly what the president is saying but his audio is too low for us to be able to share it with everybody. we're still working on that. when we see and hear about the fact this two-step plan getting something done for the middle class by the end of the year, does this set up the scenario we live in a perpetual state of fiscal cliff loopness, this is the same old dog and pony show every six months to a year fighting over the same things and not big, bold leadership? >> i hope not, certainly if it's not left up to pres
we had an election, thomas, where americans had a clear choice and they chose and we need to make sure that we think a balanced approach that is fair, that doesn't throw the middle class under the bus and that works mathematically. so far what we've seen from republicans in the house does not work in terms of reducing the deficit. >> congresswoman, we are watching the president on our screen at the business roundtable. there was an issue with the poll microphone for the president's...
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, meaning the president, and re-elected us. that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and it's only wednesday. >> right. >> reporter: they are going to go home. they are not going to be in session on thursday or friday. i asked the speaker whether that is got optics for the house to leave town while the fiscal cliff is so close in front of us and that is the answer, that he will be in town, ready, willing, and able to talk to the president at any time. so that was really the issue. the house republican leadership, i tell you, they say they simply don't have any legislation to put on the floor. that's why they are play sending their members
, meaning the president, and re-elected us. that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and...
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this has not been the greatest recovery from an election defeat. surely he needs time to lick his wounds. there might be a better way to do it. he did get to see twilight, so i guess he's enjoying himself. >> i want to spare talking about dana's column with dana, but if it were at the apex of his public attention spectrum and he could do a number of things, a number of effective contributions but the first thing he does is rejoin a board. how long will it be before he claims back those tax deductions he çself-willingly rescinded t his tax rate would go up to 14% instead of the 9% it would have been at? how long do you think? >> could be this tax year, no knows. it's clear governor romney has written off politics. otherwise why would he make the gifts comment unless maybe he's in deep denial of what happened. but it's clear, his time as leader of the republican party is done, is over. again, the polls were barely closed on election night before the party was already moving beyond him. a columnist at new york magazine who wrote that there are no ro
this has not been the greatest recovery from an election defeat. surely he needs time to lick his wounds. there might be a better way to do it. he did get to see twilight, so i guess he's enjoying himself. >> i want to spare talking about dana's column with dana, but if it were at the apex of his public attention spectrum and he could do a number of things, a number of effective contributions but the first thing he does is rejoin a board. how long will it be before he claims back those...
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nancy pelosi and the newly elected house leaders. california's maxine waters the top democrat in financial services. the first democratic women to serve as ranking members of either of those committees. many of the top jobs are not changing hands. last week the caucus re-elected pelosi, van hollen into their leadership role and after yesterday's vote waxman and slaughter will remain the ranking members of their key committees. gag ls coming here next. the gaggle makes it to new york. first, the white house soup of the day. ceos and the president munching on chicken noodle. i could use one more day of chicken noodle soup and my fiscal cough, i think, will be gone. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. go ahead, mark your calendars.
nancy pelosi and the newly elected house leaders. california's maxine waters the top democrat in financial services. the first democratic women to serve as ranking members of either of those committees. many of the top jobs are not changing hands. last week the caucus re-elected pelosi, van hollen into their leadership role and after yesterday's vote waxman and slaughter will remain the ranking members of their key committees. gag ls coming here next. the gaggle makes it to new york. first, the...
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they don't have an election until november of 2014. they need to say look, you want to negotiate seriously, we'll sit down and talk. you don't want to negotiate seriously, the country will survive going off this cliff. it's largely a factor in terms of american history, the people will not look back on as a giant tragedy. we need to have serious effort to get this country reorganized and i see no sign that the political system today is at all prepared for that kind of serious thinking. >> but what is so serious about the thinking of a party that just is implacably opposed to raising income tax even for the richest 2%? because the american people don't give a stuff. in all the polls, two-thirds of them are yes, let's tax the wealthiest 2% and by the way, that's me and you, newt. i don't know about you, i'm quite happy to pay a little bit more if it helps the general good. are you? >> well, piers, i'm happy for you to pay it, too. if you want to write a check this evening, the treasury will accept it. i'm delighted with your sense of cit
they don't have an election until november of 2014. they need to say look, you want to negotiate seriously, we'll sit down and talk. you don't want to negotiate seriously, the country will survive going off this cliff. it's largely a factor in terms of american history, the people will not look back on as a giant tragedy. we need to have serious effort to get this country reorganized and i see no sign that the political system today is at all prepared for that kind of serious thinking. >>...
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he has the authority of an election behind him. running for office is a difficult thing to do, and the people that win the elections have a lot more moral authority in a democracy than people who talk about elections. >> ryan, that does seem to be the point. republicans may not like it, but that wasn't what this election said american people want. the majority of them. >> i think it's certainly true you have a large number of americans, 60%, according to a "washington post" abc news poll who favor raising taxes on folks earning more than $250,000 a year. but there are a couple other things to keep in mind, as well. president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that
he has the authority of an election behind him. running for office is a difficult thing to do, and the people that win the elections have a lot more moral authority in a democracy than people who talk about elections. >> ryan, that does seem to be the point. republicans may not like it, but that wasn't what this election said american people want. the majority of them. >> i think it's certainly true you have a large number of americans, 60%, according to a "washington...
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re-elected the president and tilts the see-saw in what democrats would like in a larger revenue. >> the economy is in a different position, the president actually did sign into law a series of cuts, he's proposed a lot in his 2013 budget. it's not like he's been stagnant. we've been having this argument throughout the presidential campaign and guess what? as we keep saying, americans said we're not buying it. the conditions have changed, the economy has changed, i think the outlook in the picture has changed. that's part of the reason the president is so firm about not going back to the debt ceiling conversation again and creating that level of instability and not bending on this issue of raisings the rates on the top 2%. >> yeah. i think -- >> go ahead. >> it's an important point. i think the american people are seeing that the president has already agreed to more than a year ago to that $1 trillion of cuts. that was 100% in cuts as part of the budget control act and he's always said we need a balanced approach. we can't do it through cuts alone. he has proposed additional cuts as
re-elected the president and tilts the see-saw in what democrats would like in a larger revenue. >> the economy is in a different position, the president actually did sign into law a series of cuts, he's proposed a lot in his 2013 budget. it's not like he's been stagnant. we've been having this argument throughout the presidential campaign and guess what? as we keep saying, americans said we're not buying it. the conditions have changed, the economy has changed, i think the outlook in the...
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the anticipation is they want to get re-elected. they understand the republicans now have detectors. again, the market is saying we with believe in you. don't screw this up. >> all right. you have to get ready for the next hour. >> huge show coming up. timothy geithner at the top of the hour. we're going to find out what's changed since the sunday shows he was doing interviews on. anton, ben, see you soon. i'll see you at the top of the hour. >> capital gains rates are probably going to go up. does that hurt the market as well? >> we've seen a lot of companies sell themselves. it's been a problem in the banking industry because loans have been paid off. they want to grow loans. people are taking control and repaying their loans. i think it's already been anticipated. >> you've had a hot hand trading this market lately. what are you doing, especially bearing in mind we have a jobs number on friday. >> i'm a little concerned on the adp numbers. this is generally the weakest of the year. that's probably baked in a little bit. i think w
the anticipation is they want to get re-elected. they understand the republicans now have detectors. again, the market is saying we with believe in you. don't screw this up. >> all right. you have to get ready for the next hour. >> huge show coming up. timothy geithner at the top of the hour. we're going to find out what's changed since the sunday shows he was doing interviews on. anton, ben, see you soon. i'll see you at the top of the hour. >> capital gains rates are...
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i was trying to read your thinking here and post election analysis. i think it's so interesting. if you get people angry about the way things are economic alley you think they'll blame the incumbent but it seems like a lot of people said, yeah, things aren't that great, especially poor working people, bush. >> governor romney thought this would be a referendum of barack obama. case closed. when you take a look at group of voters who said the economy was not so good, so you would think that would be an opportunity for governor romney, actually the president carried them by 13 points.ç 55-42. obviously, the economic argument on the refer side was not made. it was just a referendum. it was just a contradiction to what the president was saying instead of -- >> i want to ask you quickly on this. i thought when obama went in the first debates, i went nuts, i thought the president dropped the ball but romney was strong in the first debate because he kept saying, i'm a business guy, i can create jobs. business equals jobs. the one strong punch he had, he kept at it. then after he got o
i was trying to read your thinking here and post election analysis. i think it's so interesting. if you get people angry about the way things are economic alley you think they'll blame the incumbent but it seems like a lot of people said, yeah, things aren't that great, especially poor working people, bush. >> governor romney thought this would be a referendum of barack obama. case closed. when you take a look at group of voters who said the economy was not so good, so you would think...